Mainstream Renewable Power has raised US$580 million to fund phase-one construction on what will eventually be its 1.3 gigawatt “Andes Renovables” wind and solar power plant in Chile—one of the largest in Latin America. Financing was provided by a consortium of six banks and is one of the region’s largest renewable energy debt financing deals for 2019. Phase one, the 571-megawatt facility known as Cóndor, is slated for commercial operation in 2021. It will power 680,000 Chilean homes and displace 656,000 metric tonnes of CO2 annually.
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